UBS Maintains Neutral on Alphabet, Lowers Price Target to $187
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Lloyd Walmsley maintains a Neutral rating on Alphabet (NASDAQ:GOOG) and lowers the price target from $204 to $187.
October 07, 2024 | 7:53 pm
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UBS analyst Lloyd Walmsley maintains a Neutral rating on Alphabet and lowers the price target from $204 to $187, indicating a cautious outlook.
The Neutral rating suggests that UBS does not expect significant short-term upside or downside for Alphabet's stock. The lowered price target from $204 to $187 indicates a more conservative valuation, which may reflect concerns about future growth or market conditions. However, the Neutral rating implies that the stock is expected to perform in line with the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100